Due date for filing IT return extended to Aug 31st 2015 for FY14-15.
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Tax Credits Verification

ITRV - Submission

Send us your ITR-V to our office and we will submit to CPC on your behalf.

Document Management

Store all your tax documents at one place and retrieve when needed.

Refund Tracking

We will help you in tracking your Refund Status

Tax History

Know year wise exact status of your Tax Return as per Income Tax Department.

Why you should file Income Tax Return?

To file an Income Tax Return is an obligation placed on every citizen of India by the Government. However besides this, there are various reasons, why you should file your Income Tax Return.

Every Individual whose gross total income is more than the Basic Exemption limit is required to file Income Tax Return, even if there is no tax due pending. – Section 139(1)

Basic Exemption Limit for Financial year: 2014-2015

Individuals above the age of 80 years

Rs.5,00,000/-

Individuals above the age of 60 years

Rs.3,00,000/-

Other Individuals

Rs.2,50,000/-

Irrespective of the basic exemption limit, if during the year, you –

a) are owning a residential house; or

b) are owning a motor vehicle (other than two-wheeler); or

c) have travelled to any foreign country; or

d) hold a Credit card issued by any bank or institution

you are mandated to file an Income Tax Return, even though you may not have any taxable income. – Proviso to Section 139(1).

It is mandatory to file your Income Tax Return, if you have any Foreign Assets, even though you may not have any taxable income.

If you have a refund due, you need to file your Income Tax Return, to claim this refund.

Income Tax Return is essential for making any investment and goes to prove that you have a valid source of income to make such investment.

When you file Income Tax Return, you create your Financial Record with Tax department. This financial / tax history is positively viewed and favourably used by most agencies with whom you may need to interact, such as when you avail any kind of loan (home, personal, vehicle loan) or when you apply for VISA, etc.

Failure to file Income Tax Return within one year from the end of the relevant financial year, attracts penalty of Rs.5,000/-, even though tax payable is Nil- Section 271F.